The International Finance Corporation gives Raxio Group $100 million to accelerate their data center building efforts throughout Sub-Saharan African regions. Raxio plans to quickly open data centers across Africa twice as fast during next three…
Business: MTN appoints new CEO
Mobile operator MTN has appointed Ralph Mupita as its new team president and chief executive officer with effect from 1 September 2020. Mupita has served as the MTN Group chief financial officer on the grounds that April…
Business: Dis-Chem withdraws price fine appeal inflated
Dis-Chem on Friday urged its prison group to withdraw its appeal against the Competition Tribunal’s R1.2million quality for inflating the price of surgical masks, pronouncing it would as an alternative focus on meeting its customers’…
Business: Embattled Denel reports R1.7bn loss
State-owned fingers organization Denel recorded any other loss of R1.7billion for the 2019/20 monetary year due to a significant decline in revenue collection. This emerged when the Department of Public Enterprises seemed before the portfolio…
Business: Chairman of Tiger Brands to step down…
Tiger Brands said on Friday, Khotso Mokhele would step down as chairman of the board on December 31. Mokhele will be changed by means of Geraldine Fraser-Moleketi, a lead impartial director at mining company Exxaro,…
Business: Mastercard enhances security capabilities online
As digital commerce continues to speed up owing to the COVID-19 pandemic, Mastercard has introduced it will provide tokenization services to retailers with app, eCommerce, and ordinary billing card-on-file application in South Africa, further defending…
Business: Standard bank to avoid cheque issuance
Standard Bank announced on Wednesday it had determined to stop the issuing of cheques as of December 2020 following the a variety of restrict savings added by the South African Reserve Bank (SARB). The lender…
Business: MTN appoints Ralph Mupita to become CEO
MTN has announced the appointment of Ralph Mupita as the new CEO of MTN group replacing Rob Shutter who will be stepping down at the end of August Mupita the chief financial officer will start…
Business: South Africa recruits RMB for Airline Stake…
South Africa’s Rand Merchant Bank, the funding banking arm of FirstRand Ltd., has been appointed as an adviser to assist the government examine offers for stakes in its insolvent countrywide airline, according to two humans…
Business: The share price of Hulett jumps 13…
Tongaat Hulett’s share fee leapt more than 13percent on the JSE on Friday morning after the agriculture and agri-processing commercial enterprise narrowed its losses by using 79percent for the 12 months to cease March, benefiting…
Business: Absa gains as earnings take a huge…
Absa opened weaker on the JSE on Thursday after the bank flagged that its profits would probably take a massive hit in the six months to quit June. Absa said its revenue have been expected…
COVID-19: The impact on Nigeria’s airlines
Travelling between two factors in Nigeria can be time-consuming, so many human beings opt for air travel. It takes an hour to fly between Lagos, the industrial district, to Abuja, the federal capital, whilst the equal trip would take…
Business: Power cuts to dampen industry, consumer trust…
South Africa woke up to information of greater load shedding yesterday, with analysts warning a resurgence of power supply interruptions ought to derail South Africa’s monetary recuperation and stifle investments post Covid-19. Eskom started imposing…
Business: MTN, accused of dodgy tactics, slammed for…
Africa’s largest telecommunications network, MTN, is going through fresh allegations from US regulation association Sparacino PLLC following its choice to exit its Middle East portfolio in the next three to 5 years. Sparacino, which has…
Business: Exxaro warns of hit to H1 earnings,…
Exxaro Resources Ltd said on Tuesday first-half internet income was once likely to fall through as tons as 34% due to one-off gadgets although it expected greater coal exports and a favourable change price to…
Dangote’s $2 Billion Fertilizer Plant Scheduled for 2020…
Dangote Group’s fertilizer plant, now below development in Nigeria’s largest metropolis of Lagos, will be ready to begin manufacturing late this year, according to Saipem SpA, the builders. Owned by Aliko Dangote, Africa’s richest man, the facility…
Business: Entrepreneurship can come out of necessity or…
Entrepreneurship is gaining more traction across the African continent as greater and greater adolescence are searching to start their own business. Kolawole Olajide is the co-founder of BridgeLabs, his 1/3 entrepreneurial task that used to…
Business: NUMSA promises to battle critical petroleum service
The National Union of Metalworkers of South Africa vowed to battle an utility with the aid of employers in the petroleum enterprise to have employees declared as essential services, announcing it would inhibit their capability…
Business: South Africa attempts to recover more than…
South African investigators are seeking to recover more than R400 million from German software program firm SAP for two government contracts they allege have been entered into unlawfully, court docket documents considered through Reuters show.…
